Microsoft earns $5.24 billion in Q1 2014, $18.53 billion in revenueBy Zac on Thursday, Oct 24th, 2013 at 01:17PM
Microsoft has released its earnings for its Q1 2014 fiscal year. The company earned a total of $18.58 billion in revenue, while bagging $5.24 in net income. This is a rather large increase compared to Microsoft's last quarter, in which the company earned $4.47 billion in net income and $16.01 billion in revenue.
The report is Microsoft's first under the new re-org which the company went through a couple of months ago. Windows Pro revenue has increased, but unfortunately they did not provide details. Windows OEM revenue has decreased by 7%.
"Our devices and services transformation is progressing and we are launching a wide range of compelling products and experiences this fall for both business and consumers. Our new commercial services will help us continue to outgrow the enterprise market, and we are seeing lots of consumer excitement for Xbox One, Surface 2 and Surface Pro 2, and the full spectrum of Windows 8.1 and Windows Phone devices," Microsoft CEO Steve Ballmer stated.
Surface revenue sits at $400 million, but again has not provided details other than "sequential growth in revenue and units sold over the prior quarter." Microsoft is also seeing strong customer adoption of Office 365, Azure, and Dynamics CRM Online, which is accelerating the company's business transition to the cloud.
Check out the VIA link below for the full report regarding Microsoft's Q1 2014 earnings.